Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. UDR Inc shares valued at $224,391 were purchased by ALCOCK HARRY G on Sep 04 ’24. At $44.88 per share, ALCOCK HARRY G acquired 5,000 shares.
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Also, TOOMEY THOMAS W sold 90,000 shares, netting a total of over 3,556,476 in proceeds. Following the sale of shares at $39.52 each, the insider now holds 849,716 shares.
Before that, Lacy Michael D had sold 4,500 shares from its account. In a trade valued at $171,765, the SVP-Property Operations traded UDR Inc shares for $38.17 each. Upon closing the transaction, the insider’s holdings decreased to 4,500 shares, worth approximately $0.4 million.
As published in their initiating research note from Exane BNP Paribas on September 11, 2024, UDR Inc [UDR] has been an Outperform and the price target has been revised to $49. Analysts at Goldman started covering the stock with ‘”a Sell”‘ outlook in a report released in early September. As of July 15, 2024, BMO Capital Markets has increased its “Market perform” rating to a “an Outperform” for UDR. Earlier on May 01, 2024, Scotiabank downgraded its rating. Their new recommendation was “a Sector perform” for UDR stock which previously was a “a Sector outperform”.
Analyzing UDR Stock Performance
During the last five days, there has been a surge of approximately 4.49%. Over the course of the year, UDR Inc shares have jumped approximately 21.00%. Shares of the company reached a 52-week high of $47.55 on 09/16/24 and a 52-week low of $34.19 on 02/13/24. A 50-day SMA is recorded $44.46, while a 200-day SMA reached $40.82. Nevertheless, trading volume fell to 1.19 million shares from 2.59 million shares the previous day.
Support And Resistance Levels for UDR Inc (UDR)
According to the 24-hour chart, there is a support level at 46.16, which, if violated, would cause prices to drop to 46.00. In the upper region, resistance lies at 46.56. The next price resistance is at 46.79. RSI (Relative Strength Index) is 65.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.06, which suggests the price will increase in the coming days. Percent R is at 9.48%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
